1 in 5 properties affected by surface water flood risk. https://www.aviva.com/newsroom/news-releases/2021/07/seven-steps-to-help-protect-UK-homes-businesses-and-communities-from-climate-change-impacts/
33% UK commercial properties at risk from flood. https://www.aviva.com/newsroom/news-releases/2021/09/one-in-three-business-properties-at-risk-from-flooding/
75% of businesses don’t include climate risks in their business continuity plan. https://www.aviva.com/newsroom/news-releases/2021/09/one-in-three-business-properties-at-risk-from-flooding/
Flood losses expect to increase five-fold by 2050. https://floodlist.com/europe/report-floods-europe-increase-fivefold-2050
Long-term mental health problems up to nine times more likely for flood victims. https://www.york.ac.uk/news-and-events/news/2021/research/women-psychological-distress-flooding
40% SMEs never reopen following a flood.https://www.accesscorp.com/press-coverage/study-40-percent-businesses-fail-reopen-disaster
In 2021 146 lives lost caused by flooding and flash floods in the US https://www.statista.com/statistics/203709/number-of-fatalities-caused-by-floods-and-flash-floods-in-the-us/
Flooding causes over $40 billion in damages worldwide each year said the Organization for Economic Cooperation and Development. https://housegrail.com/floods-statistics/#1_Flooding_causes_over_40_billion_in_damages_worldwide_each_year
FEMA classifies nearly 9 million U.S. properties as having substantial risk, requiring them to carry federal flood insurance
The average farm flooding claim in 2022 was £26,343, climbing to £31,195 in November and December according to FG (below)
Farm flooding advice issued for Wales, Midlands and South West
These 5 below are all accredited to Environment Agency https://www.gov.uk/government/news/new-flood-warning-services-in-the-south-east
- 5.2 million properties in England are at risk of flooding
- The average cost of flood damage to a home is £30,000
- The average cost of flooding to a business is £82,000
- If you are flooded, temporary accommodation costs on average £10,000
- If you are flooded, you are likely to be out of your home for an average of 5 months
Water damage is the second most frequent cause of loss during building projects, representing a large percentage of Construction All Risk (CAR) claims
(The UK CAR Underwriters Group/CIREG Best Practice Guidance on the Avoidance of Water Damage on Construction Sites 4th Edition June 2015 (https://www.munichre.com/hsbeil/en/insights/guides-to-loss-prevention1/construction-guides-to-loss-prevention/hsbei-1228-water-damage-on-construction-sites-rgn.html))
Winter rainfall could increase by 35% by 2070.*
• Growing risks identified for the SRN include:
– overwhelmed drainage causing roads to flood,*
– increased flood damage to structures such as bridges,*
– excess water affecting slopes and embankments, potentially washing debris onto carriageways,*
– asphalt and foundation layers degraded by prolonged saturation, causing
All these bullets can be found here:
https://nationalhighways.co.uk/media/3xmfhsbp/gfd22_043-climate-change-and-the-srn-v18.pdf
https://nationalhighways.co.uk/media/z1ndodqx/preparing-for-climate-change-on-the-strategic-road-network.pdf
Exploring systemic responses to rising flood risk (actuarialpost.co.uk) all related to these below:
Risk drivers like climate change are amplifying the threat of flooding, and it is imperative that countries begin preparing for what is next. According to the Marsh McLennan Flood Risk Index:
• 1 out of 3 people globally will be threatened by flooding in a 1.5 °C warming scenario, which could happen as early as 2030.
• 41% of power generation capacity, 37% of international airport seats, and 52% of international port outflows globally will be threatened by flooding in a 2°C warming scenario, which could manifest as early as 2050.
• One-third of the world’s urban areas and nearly half (45%) of the population will be threatened by flooding in a 3.5 °C warming scenario, which could happen by the end of this century. if countries fail to follow through on current pledges.
Exploring systemic responses to rising flood risk (actuarialpost.co.uk)
